Water Treatment Chemicals Market To Report Impressive Growth | Forum

With the presence of a large pool of participants, the global PBTCA
market is displaying a highly competitive business landscape, finds a
new research report by Zion Market Research (ZMR). BASF SE, AkzoNobel
N.V., Kemira OYJ, Danaher Corporation, and The Dow Chemical Company are
some of the key vendors of water treatment chemicals across the world.
These players across water treatment chemicals market are focusing
aggressively on innovation, as well as on including advanced
technologies in their existing products. Over the coming years, they are
also expected to take up partnerships and mergers and acquisitions as
their key strategy for business development, states the water treatment
chemicals market study.

Citing an instance, in August 2018,
Hydrus Technology, a key Australian-based player across wastewater
treatment industry, introduced HTX solutions for effectively treating
wastewater streams. The CEO of the firm stated that its HTX
electrochemical wastewater treatment technology will provide effective
wastewater treatment results at reasonable costs.
In a major
development witnessed across ballast water treatment industry, in
December 2017, Kurita Water Industries Ltd proclaimed that it created
S.sensing?WS, an innovative TRO meter system for ballast water
treatment. Experts believe that that strategic move is anticipated to
spur the growth of water treatment chemicals market in the near future.

As
estimated in this report, the global water treatment chemicals market
stood at US$ 28.5 billion in 2016. Witnessing a tremendous rise during
the period from 2017 to 2022, the revenue in water treatment chemicals
market is expected to reach US$ 56.57 billion by the end of the forecast
period. The main types available in water treatment chemicals market
are anti-foaming agents, pH adjusters, chelating agents, corrosion and
scale inhibitors, biocides, and coagulants and flocculants. Among them,
the demand for corrosion and scale inhibitors is relatively higher and
the trend is anticipated to remain so over the next few years, notes the
research report.

“Paramount requirement of clean water along
with strict laws governing pollutant treatment before its discharge in
water is expected to haul up the growth graph of water treatment
chemicals market in the coming years,” says the author of this study.
Apart from this, inflating population and large-scale industrialization
witnessed across the globe will steer the water treatment chemicals
market trends over the ensuing years.